Crypto Perpetual Futures Liquidations Hit $105 Million in 24 Hours

Crypto Perpetual Futures Liquidations Hit $105 Million in 24 Hours

The cryptocurrency market has been hit by a wave of forced liquidations in the past 24 hours, with over $105 million worth of perpetual futures contracts liquidated. - BTC liquidation scale: $64.8 million (long $11.03 million, short $53.77 million) liquidation ratio: short 82.98% - ETH liquidation scale: $32.16 million (long $7.61 million, short $24.54 million) liquidation ratio: short 76.32% - SOL liquidation scale: $8.1 million (long $1.12 million, short $6.99 million) liquidation ratio: short 86.22% The liquidations were triggered by a sharp sell-off in the crypto market, which saw Bitcoin (BTC) fall by over 5% and Ethereum (ETH) by over 7%. The sell-off was likely caused by a combination of factors, including concerns about rising interest rates and the ongoing war in Ukraine. The liquidations are a reminder of the risks involved in trading cryptocurrency perpetual futures. Perpetual futures are contracts that allow traders to speculate on the future price of an asset without having to own the asset itself. However, perpetual futures are also leveraged products, which means that they can magnify both profits and losses. Traders who are considering trading perpetual futures should be aware of the risks involved and should only trade with capital that they can afford to lose.